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Tower of Basel by Adam LeBor

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CHAPTER THIRTEEN

THE TOWER ARISES

          “To be frank, I have no use for politicians. They lack the judgment of central bankers.”

           — Fritz Leutwiler, BIS president and chairman of the board, 1982–19841

By 1970 Rudolf Brinckmann had served on the BIS board for almost two decades. But his membership in the world’s most exclusive club had not made the German banker any more amenable to settling the bitter dispute with the Warburgs over the name and ownership of the bank they both claimed. Eric Warburg, now seventy years old, remained a partner in Brinckmann, Wirtz & Co. He still went to work each morning to the building, which had once belonged to his family and which he felt was rightly theirs. Warburg and Brinckmann both attended ...

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